Welcome to our dedicated page for Matador Res Co news (Ticker: MTDR), a resource for investors and traders seeking the latest updates and insights on Matador Res Co stock.
Overview of Matador Resources Co
Matador Resources Co is a well-established, independent energy company operating in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. With an emphasis on oil and natural gas exploration in unconventional shale plays, the company leverages deep industry expertise to identify strategically positioned assets. Utilizing industry-specific methodologies, Matador targets areas known for oil and liquids-rich reserves and unconventional geological formations.
Core Business and Operations
At its core, Matador Resources Co is committed to the sustainable development of its asset portfolio, which spans several key shale plays. The company’s operations focus on:
- Exploration: Engaging in rigorous geological assessments and technical evaluations to identify untapped oil and natural gas reserves.
- Development and Production: Employing advanced drilling and completion techniques to optimize production from shale and unconventional plays.
- Acquisition: Strategically acquiring assets poised for enhanced production efficiency, further solidifying its competitive position in the market.
This integrated approach underlines the company’s commitment to technical excellence and disciplined operational practices, ensuring that its asset development is both efficient and sustainable.
Geographic Focus and Asset Portfolio
Matador Resources Co has built a robust portfolio concentrated in major oil-producing regions of the United States. By targeting areas such as the oil-rich segments of shale plays, the company benefits from geographic diversification that enhances resource potential and operational flexibility. Notable regions include:
- South Texas, where assets within the Eagle Ford shale offer significant oil and liquids potential.
- The Permian Basin, particularly within the Wolfcamp and Bone Spring plays, where unconventional resource extraction is at the forefront.
- Regions spanning Northwest Louisiana and East Texas, encompassing well-regarded shale plays like Haynesville and Cotton Valley.
- Exploratory leasehold positions in Southwest Wyoming and adjacent areas, which serve as a testing ground for emerging shale techniques in the Meade Peak area.
Technical Expertise and Operational Excellence
Underpinning Matador Resources Co’s success is its team of dedicated technical and administrative professionals. The company’s strong culture of performance and financial discipline is reflected in its ability to implement advanced oil recovery methods and innovative drilling technologies. This technical prowess, paired with strategic asset management, enables Matador to optimize its operations while navigating the complexities of the energy industry.
Midstream Integration and Strategic Positioning
In addition to its upstream operations, Matador Resources Co actively identifies and develops midstream opportunities that support its core business functions. This integrated approach not only enhances the efficiency of transporting and processing oil and natural gas but also provides value-added support to the overall exploration and production activities. The company’s methodical strategy in asset acquisition and development positions it within a competitive landscape where operational discipline and technical excellence are paramount.
Industry Significance
Operating within the dynamic energy sector, Matador Resources Co serves as an exemplar of how technical expertise and a focused operational strategy can drive success in unconventional resource extraction. The company’s commitment to disciplined operations and strategic geographic positioning allows it to maintain a significant presence within regions known for oil and natural gas production. As a result, Matador plays a critical role in advancing exploration techniques and ensuring efficient resource development in complex geological environments.
Conclusion
The comprehensive approach of Matador Resources Co, which combines detailed exploration with robust development practices, highlights its enduring presence in the competitive landscape of the energy sector. Through an integration of technical innovation and strategic operational management, the company reliably advances its core mission of efficiently exploring, developing, and producing oil and natural gas resources, thereby underscoring its value within the broader energy industry.
Matador Resources Company (NYSE: MTDR) has announced a significant increase in its quarterly cash dividend. The Board of Directors has revised the company's dividend policy, increasing the quarterly dividend by 25% from $0.20 to $0.25 per share. This change will take effect in the fourth quarter of 2024, resulting in an annual dividend of $1.00 per share.
The first payment under this new policy is scheduled for December 6, 2024, with a record date of November 15, 2024. This marks the fifth increase in Matador's quarterly cash dividend in the past four years, reflecting the company's commitment to shareholder value and its growing financial strength.
Matador Resources Company (NYSE: MTDR) has announced the release date for its third quarter 2024 operational and financial results. The company will disclose these results after the close of trading on Tuesday, October 22, 2024. Following this, management will host a live conference call on Wednesday, October 23, 2024, at 10:00 a.m. Central Time to review the financial results and operational highlights.
Interested parties can access the live conference call via phone using a provided registration link. To ensure a smooth experience, participants are advised to dial in 15 minutes before the scheduled start time. The call will also be accessible through Matador's website. A replay of the event will be available on the company's website for one year.
Matador Resources Company (NYSE: MTDR) has successfully closed its $750 million private offering of 6.250% senior unsecured notes due 2033. The proceeds will be used to repay borrowings under the company's credit facility, making the offering debt neutral. This follows the recent closing of the $1.832 billion Ameredev acquisition, the largest in Matador's history.
The company achieved a production milestone of over 200,000 barrels of oil and natural gas equivalent per day shortly after the acquisition. Matador expects its debt-to-EBITDA ratio to be between 1.3 and 1.4 times as of September 30, 2024, with plans to reduce it to 1.0 times or less by mid-2025.
Operationally, Matador is focusing on integrating Ameredev's assets, deploying one drilling rig immediately and planning to turn 11 wells to sales in the first half of 2025. The company continues to innovate with 'U-Turn' well developments and trimul-frac completion operations, expecting significant cost savings and operational efficiencies.
Matador Resources Company (NYSE: MTDR) has priced a private offering of $750 million of 6.250% senior unsecured notes due 2033 at 100% of their face value. The offering is expected to close on September 25, 2024, subject to customary closing conditions. Matador plans to use the net proceeds to repay borrowings outstanding under its credit facility, including all of the $250 million in outstanding borrowings under its term loan.
The Notes and related guarantees have not been registered under the Securities Act of 1933 and may not be offered, transferred, or sold in the United States without registration or an applicable exemption. The Notes may be resold by the initial purchasers to qualified institutional buyers and non-U.S. persons outside the United States pursuant to Rule 144A and Regulation S, respectively.
Matador Resources Company (NYSE: MTDR) has announced its intention to offer $750 million of senior unsecured notes due 2033 in a private placement to eligible purchasers, subject to market conditions. The company plans to use the net proceeds from this offering to repay borrowings outstanding under its credit facility, including all of the $250 million in outstanding borrowings under its term loan.
The Notes and related guarantees have not been registered under the Securities Act of 1933 and may not be offered, transferred, or sold in the United States without registration or an applicable exemption. The Notes may be resold by initial purchasers to qualified institutional buyers and non-U.S. persons outside the United States under specific regulations.
Matador Resources Company (NYSE: MTDR) has closed its strategic bolt-on acquisition of Ameredev for $1.832 billion. The acquisition includes:
- 33,500 contiguous net acres in the Delaware Basin
- Expected production of 25,500-26,500 BOE per day
- 431 gross operated locations
- 118 million BOE of proved reserves
- 19% equity interest in Piñon Midstream's parent company
This acquisition expands Matador's Delaware Basin acreage to over 190,000 net acres, increases production to over 180,000 BOE per day, and boosts proved reserves to over 600 million BOE. The company expects to implement operational efficiencies, resulting in synergies of approximately $160 million over five years.
Matador Resources Company (NYSE: MTDR) reported record financial and operational results for Q2 2024. Highlights include a record average total production of 160,305 BOE per day and a net income of $228.8 million ($1.83 per diluted share). Adjusted net income stood at $255.9 million ($2.05 per diluted share), with an adjusted EBITDA of $578.1 million.
Effective July 23, 2024, Matador increased its full-year 2024 guidance for total production, oil production, and natural gas production by 3.2%, 2.2%, and 4.8%, respectively. This updated guidance excludes potential production from the anticipated $1.905 billion acquisition of Ameredev II Parent, expected to close in Q3 2024.
Matador achieved operational efficiencies, setting 20 drilling records and saving $6 million. Notably, D/C/E capital expenditures were $314.5 million, 8% below expectations. The company also initiated its first 'trimul-frac' completion, projecting $350,000 savings per well. Matador aims to turn 32 new wells to sales in Q3 2024 and forecasts 164,000 BOE per day production for the quarter.
Matador Resources Company (NYSE: MTDR) has announced a quarterly cash dividend of $0.20 per share of common stock. The dividend will be payable on September 5, 2024 to shareholders of record as of August 15, 2024. This declaration by Matador's Board of Directors demonstrates the company's commitment to returning value to its shareholders through regular dividend payments.
Matador Resources Company (NYSE: MTDR) announced the release date for its second quarter 2024 operational and financial results. The results will be published after the market closes on Tuesday, July 23, 2024.
In addition, the company will host a live conference call on Wednesday, July 24, 2024, at 10:00 a.m. Central Time to discuss these results and highlight operational aspects. Participants can register through a provided link to obtain dial-in details and are advised to connect 15 minutes prior to the start time.
The conference call will also be accessible via Matador’s website, and a replay will be available for one year on the Events and Presentations page under Investor Relations.
Matador Resources Company (NYSE: MTDR) has announced an agreement to acquire a subsidiary of Ameredev II Parent, , including oil and gas properties in New Mexico and Texas, for $1.905 billion. The acquisition also includes a 19% stake in Piñon Midstream, The deal is expected to close in late Q3 2024 with an effective date of June 1, 2024. On completion, Matador expects to hold over 190,000 net acres in the Delaware Basin, production of over 180,000 BOE per day, and reserves totaling over 580 million BOE. The transaction aims to generate an Adjusted EBITDA of $425-475 million in the forward year, maintaining a leverage ratio below 1.0x by mid-2025. The acquisition adds 33,500 net acres, 431 gross drilling locations, and significant reserves to Matador's portfolio.
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